December 20, 2012
Conference Board Economic Index Declines
The Conference Board Leading's Economic Index for the U.S. fell 0.2 percent in November, to 95.8, the research group announced.
That follows a 0.3-percent increase in October and 0.4 percent in September.
Conference Board economist Ataman Ozyildirim said November's decline brought the six-month growth rate to zero.
"Gains in the residential construction and financial components of the (index) have been roughly balanced with weak consumer expectations, manufacturing new orders and labor market indicators over the last six months," he said.
The Coincident Economic Index, which measures current conditions, fared better, rising 0.2 percent in November to 104.9.That followed increases of 0.1 percent in October and 0.2 percent in September.
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